Exide: Overbought or bargain? Message Board

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Technology Stocks : Exide: Overbought or bargain?

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To: Paul Senior who wrote (92)	8/23/1998 8:34:00 PM
From: LTK007	Read Replies (2) of 125

Paul.I am not a holder of EX stock but just caught it in a Friday scan for higher than normal volume and significant price increase--and EXIDE was one of a very,very few who qualified and the only one I kept for continued watch. Dead-Cat bounce always a possibility--but in view of terrible market day and the Noranda news,it was a very odd move. I do see where this stock has a huge short position,and there is possibility that due to the S&P removal of Exide from negative credit watch,and a re-affirmation of its credit standing that some shorts are starting to cover. Someone on Yahoo! thread conjectured at a hostile takeover,but who would attempt such a thing? Will watch this with interest on Monday---Max90

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